GPS won’t compromise on state’s rights over its O&G: Chief Minister
MIRI: As long as Gabungan Parti Sarawak (GPS) rules Sarawak, the state’s rights over its oil and gas resources will be upheld.
GPS chairman Chief Minister Datuk Patinggi Abang Johari Tun Openg said this can be achieved through the enforcement of the Oil Mining Ordinance (OMO) 1958.
The chief minister said this is one sure way to enable Sarawak to benefit from its oil and gas resources which have been exploited by outsiders for decades.
Abang Helmi (right) presents a token of appreciation to Abang Johari as other guests look on.
“The ordinance gives Sarawak the power to regulate and issue licences for its upstream oil and gas industry. Petronas is not exempted from this,” he stressed.
“As long as GPS rules Sarawak we will ensure this right is maintained,” he reiterated.
Abang Johari went on to say that Sarawak wants “real” participation in its oil and gas industry.
He said it is for this reason that...

MIRI: Sarawak may be new in the administration of petroleum resources; hence it is important for the state government to take in ideas and suggestions on policies, programmes and investment for consideration for it to manage the resources properly.
President of Sarawak Bumiputra Chamber of Entrepreneurs, Datu Abang Helmi Ikhwan, said the ideas and suggestions made during the course of the deliberation at the Sarawak Oil & Gas Seminar and Exhibition (Sogse) held last weekend are very important and maybe useful.
“Therefore it is hoped that the Sarawak government will examine these carefully and possibly, implement them.
“The state government is noted to have taken the right step to set up its own Petroleum Sarawak Berhad (Petros) and the action to exert its right over petroleum resources is very well understood by virtually all Sarawakians.
“It is also equally important that the ideas and suggestions that come from industry players are taken in as it may able to help to manage the resources effectively,”...

Over the past few years, dahmakan has solidified itself as one of the most recognisable names when it comes to healthy food delivery in the Klang Valley.
Since their launch in KL in 2015, they’ve since expanded to Bangkok and now delivery tens of thousands of meals monthly.
Today, they’ve announced a successful series A funding round, raising a total of USD5 million (approximately RM20.93 mil).
The investment comes from existing and new global investors including billion-dollar Silicon Valley fund Partech Partners, China’s UpHonest Capital, and follow-on from Y-Combinator, Atami Capital and private investment from the former CEO of Nestle.
“We have looked at different companies in the space in Silicon Valley, Europe and Asia. dahmakan clearly stood out due to its unique operating system that orchestrates all parts of the value chain,” said Nicolas El Baze, General Partner at Partech Partners.
“The company has reached a crucial inflection point as the system is now ready to expand fast into other markets in Asia.”Nicolas El Baze, Partech...

With the acquisition of 51 per cent of Layang Layang Aerospace Sdn Bhd, Hubline expects to have a positive contribution to the group and Hubline is confident of the potential expansion in the general air charter, flying academy and the oil and gas sector in the near future.
KUCHING: Sarawak-based shipping company Hubline Bhd has now ventured into the aviation business with the acquisition of 51 per cent of Layang Layang Aerospace Sdn Bhd (Layang Layang).
Layang Layang started its operation in 1994 in Miri, Sarawak by an aircraft engineer turned entrepreneur Johan Poong Abudllah. The company, recently celebrating its silver jubilee, initially was focused in providing that very important air link to connect the rural areas of Sarawak and Sabah.
Layang Layang is a registered service provider for Petronas and is entering into the oil and gas air transportation services with bases in Miri and Kota Kinabalu as one of its major upcoming project.
“The oil and gas transportation is picking up again...

Aminuddin and Dominik exchanging the documents, witnessed by Madius.
KOTA KINABALU: Malaysia Airlines regional sister company, MASwings, entrusted its ATR72-500 fleet to Air France Industries (AFI) KLM Engineering & Maintenance for component support.
Maintenance for 10 MASwings aircraft would be handled at the Singapore Service Center and in the new Singapore Component Solutions shop, opened in February 2018 by AFI KLM E&M.
This followed key performance indicators (KPIs) set by the Ministry of Transport on MASwings’ performance in delivering its services, after it was given the mandate to continue serving rural air services under the new Public Service Obligation (PSO) Agreement for Rural Air Services, effective January 2019 till December 31, 2024.
MASwings chief executive officer (CEO) Aminuddin Zakaria said the signing of power-by-the-hour agreement between MASwings and Societe Air France on ATR component support programme was for a five-year-term, effective May 8, 2019 to May 7, 2024.
“Among KPIs set by the government on MASwings include on time performance (OTP), cancellation rate and consumer...

LANGKAWI (March 29): Aerospace engineering company Strand Aerospace Malaysia (SAM) Sdn Bhd has signed a Memorandum of Understanding (MoU) with UK-based aerospace company Samad Aerospace Ltd to jointly develop an electronic vertical take-off and landing (eVTOL) aircraft.
SAM business development manager Afif Badrulhisham said the MoU would pave the way for the company to be involved in eVTOL which is gaining popularity in the aerospace industry.
“Right now, the aircraft is still in the development phase, whereby it has to undergo design, engineering and certification, which is SAM’s speciality,” he told reporters after signing the MoU at the Langkawi International Maritime and Aerospace Exhibition 2019 (LIMA'19) here today.
He said collaboration with Samad Aerospace would also help develop the industry in Malaysia.
“Currently, SAM is the only company that has the capability to work with Samad Aerospace. We hope more companies will be able to provide services to Samad Aerospace in the future,” he said.
Samad Aerospace chief executive officer Seyed Moseni said the aircraft,...

KUCHING: Analysts have revealed that they see further upside to Serba Dinamik Holdings Bhd’s (Serba Dinamik) earnings per share (EPS) growth with CSE Global (CSE) riding on a favourable outlook in the shale-oil production space.
Affin Hwang Investment Bank Bhd (Affin Hwang) highlighted this after recently hosting Serba Dinamik and CSE management on a NDR to Singapore.
According to Affin Hwang, on how Serba Dinamik’s 24.8 per cent stake in CSE would deliver synergies, the respective management teams revealed that the group would leverage on CSE’s network in the US or Australia, while CSE would benefit from Serba Dinamik’s network in the Middle East, Malaysia and Central Asia.
Additionally, market penetration time can be sped up by leveraging on respective current facilities and there will be more product offerings and technical exchanges.
“For instance, Serba Dinamik was recently invited for a potential job in Mexico by Petroliam Nasional Bhd (Petronas) where it recently secured six blocks,” the research firm said.
“As Serba Dinamik has no...